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Lending at peer Wells Fargo, which reported its quarterly results on Friday, rose marginally, boosted by growth in commercial loans. Pittsburgh, Pennsylvania-based PNC Financial reported a 2 percent rise in expenses, mainly due to higher spending on its online banking business as it battles online lenders, asset managers and insurers, besides the big banks, for a piece of the lending business. Lately, U.S. banks have been reaping the benefits of interest rate hikes by the Federal Reserve, which raised rates four times since the first quarter last year.

BRUSSELS (Reuters) - The European Commission has drawn up a list of U.S, imports worth around 20 billion euros ($22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said on Friday, President Donald Trump on Tuesday threatened to impose tariffs on $11 billion worth of European Union products over what Washington sees vivienne westwood cufflinks as unfair subsidies given to European planemaker Airbus, The EU measures would relate to the bloc’s World Trade Organization complaint over subsidies to rival Boeing..

WTO arbitrators have yet to set final amounts of potential countermeasures in each case. The Commission said earlier this week that it had begun preparatory work on countermeasures in the Boeing case. However, it signaled it was open for talks with the U.S., provided these were without preconditions and aimed to achieve a fair outcome. EU diplomats said the Commission was expected to publish a list of products on April 17 and begin a process of public consultation, after which the list could then be adjusted.

The final amount decided by the WTO arbitrator could also be lower, The EU had also initially requested that the WTO authorize countermeasures of $12 billion, The arbitrator’s decision may not come before March 2020, In the U.S, case a WTO vivienne westwood cufflinks decision could come in June or July this year, “You could say the Commission is preparing early, provoked by the U.S.,” one EU diplomat said, The dispute between the U.S, and Europe over mutual claims of illegal aid to plane giants to help them gain advantage in the world jet business has dragged on for year..

The case, which has been grinding its way through the WTO for almost 15 years, is approaching the final stages of arbitration after partial victories for both sides. Trump’s public attack on the EU came as his administration tries to hammer out a trade deal with China after imposing punitive tariffs on $250 billion of Chinese goods. The EU is expected next week to give final clearance to the start of formal trade talks with the U.S. that could lead to the removal of duties on industrial goods and ease transatlantic tensions.

However, those talks face a series of hurdles, not least the U.S, insistence that market access for its farm products feature in the negotiations, something the EU has ruled out, The talks follow a detente reached last July when Trump agreed not to impose duties on imports of EU cars while the two sides sought to improve economic ties, Germany, whose exports of cars and parts to the U.S, account for more than half the EU total, wants to press ahead with talks to ward off tariffs its carmakers, including Volkswagen, Mercedes maker Daimler and vivienne westwood cufflinks BMW..

(Reuters) - JPMorgan Chase & Co posted a better-than-expected quarterly profit on Friday, easing fears that slowing economic growth could weigh on its results. The largest U.S. bank by assets showed strength across its businesses in the first quarter, driven by what Chief Executive Jamie Dimon described as solid U.S. economic growth, moderate inflation and strong consumer and business confidence. U.S. bank stocks have underperformed the broader market in recent months on fears of an impending recession, with economists and investors citing concerns over a flattening yield curve and slowing housing market. But bank executives have downplayed concerns, pointing to continuing loan growth.

“There is no law that says it has to stop,” Dimon said vivienne westwood cufflinks when asked if the decade-long economic expansion is due to turn into a recession, “I wouldn’t count on there having to be a recession in the short run.”, Loans in JPMorgan’s consumer banking division rose 4 percent from a year ago, Overall revenue rose 4.7 percent to $29.85 billion, Analysts had expected revenue of $28.44 billion, according to IBES data from Refinitiv, “We’ve been generally quite optimistic about the outlook for the economy,” Chief Financial Officer Marianne Lake told reporters on a call to discuss the results, “It doesn’t diminish the fact that there are a number of risks out there, Right now we don’t see that playing out in the data.”..



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